Canadian National Railway (TSE:CNR) Given Average Rating of “Hold” by Analysts

Canadian National Railway (TSE:CNR) (NYSE:CNI) has received an average recommendation of “Hold” from the thirteen research firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$184.50.

Several brokerages have weighed in on CNR. Barclays boosted their price objective on Canadian National Railway from C$170.00 to C$175.00 in a research report on Thursday, April 4th. JPMorgan Chase & Co. increased their price target on shares of Canadian National Railway from C$158.00 to C$164.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Desjardins boosted their price objective on shares of Canadian National Railway from C$189.00 to C$195.00 and gave the company a “buy” rating in a research report on Friday, April 12th. TD Securities increased their target price on shares of Canadian National Railway from C$185.00 to C$190.00 and gave the stock a “hold” rating in a report on Wednesday, April 24th. Finally, UBS Group reduced their price target on Canadian National Railway from C$205.00 to C$202.00 in a report on Wednesday, April 24th.

Canadian National Railway Trading Down 0.3 %

TSE CNR opened at C$171.89 on Wednesday. The firm has a market cap of C$109.36 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 2.06 and a beta of 0.65. Canadian National Railway has a 1-year low of C$143.13 and a 1-year high of C$181.34. The stock has a 50-day moving average of C$174.92 and a 200-day moving average of C$167.16. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 100.86.

Canadian National Railway Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be given a $0.845 dividend. The ex-dividend date is Friday, June 7th. This represents a $3.38 dividend on an annualized basis and a dividend yield of 1.97%. Canadian National Railway’s dividend payout ratio is currently 40.09%.

Insider Buying and Selling

In related news, Director Shauneen Elizabeth Bruder bought 488 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were acquired at an average cost of C$177.40 per share, with a total value of C$86,571.20. In other news, Director Shauneen Elizabeth Bruder acquired 488 shares of Canadian National Railway stock in a transaction on Tuesday, March 26th. The stock was acquired at an average cost of C$177.40 per share, for a total transaction of C$86,571.20. Also, Senior Officer Derek Michael Taylor sold 2,610 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of C$131.26, for a total transaction of C$342,577.38. 1.69% of the stock is currently owned by company insiders.

Canadian National Railway Company Profile

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.